Liberals want to raise the income threshold to $500,000 from $350,000 to allow more businesses to pay the lower rate.
To do nothing would add $20 billion in debt over the next three years just to run the government, finance minister says.
Jayson Myers says governments must address a lack of skilled workers and find out which training programs are working.
The provinces want to boost benefits to ensure young Canada are set when they retire; feds says CPP hikes result in fewer jobs.
Ontario isn’t the only province pushing to boost maximum to CPP contributions to $23,400 from $12,150 – PEI is also on-board.
New cabinet includes 22 ministers, down from 28 as McGuinty’s Liberals face a minority government